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Economic Analysis: Theory and Practice
 

A methodology to assess the investment potential of the region by institutional sectors of economy

Vol. 15, Iss. 5, MAY 2016

PDF  Article PDF Version

Received: 25 January 2016

Received in revised form: 9 March 2016

Accepted: 21 March 2016

Available online: 18 May 2016

Subject Heading: INVESTMENT ANALYSIS

JEL Classification: E22, O16, R11, R58

Pages: 124-134

Tsepelev O.A. Amur State University, Blagoveshchensk, Amur Oblast, Russian Federation
tsepelev_o@mail.ru

Serikov S.G. Amur State University, Blagoveshchensk, Amur Oblast, Russian Federation
stas.serikov@inbox.ru

Subject The article describes our unique methodology for assessing the region's investment potential using the Far Eastern Federal District as a case study.
Objectives The aim is to justify the methodology for assessing the investment potential of the region by institutional sectors, i.e. financial and non-financial corporations, households, public administration. We attempted to highlight the shadow economy in the institutional sectors.
Methods The research methodology rests on the economic-statistical, computational and constructive method, and the comparative analysis.
Results We evaluated the total investment potential and its individual elements in the Far Eastern Federal District. We stress that the key element of the total investment potential in the territory is the resources of financial corporations. The region has reserves to significantly increase the GRP. The proposed method allows implementing the competent investment policy to ensure a steady flow of investment with maximal involvement of the investment potential of the territory.
Conclusions The study demonstrates the applicability of the methodology at the regional level. The proposed technique enables to present the investment potential of the Far Eastern Federal District in terms of institutional sectors, and to distinguish the shadow economy; to estimate the amount of unused investment resources; to calculate the employed investment potential and conclude that available investment opportunities in the region are not used in full.

Keywords: investment potential, region, savings, investment policy, institutional sector

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